San Diego, CA -- (SBWIRE) -- 01/28/2022 -- Cerence Inc is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Cerence Inc. (NASDAQ: CRNC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by Cerence Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Burlington, MA based Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market worldwide. Cerence Inc. reported that its Total Revenue rose from $329.64 million for the 12 months period that ended on September 30, 2020, to $387.18 million for the 12 months period that ended on September 30, 2021, and that its Net Loss of $20.63 million for the 12 months period that ended on September 30, 2019, turned into a Net Income of $45.89 million for the 12 months period that ended on September 30, 2021.

On December 15, 2021, Cerence announced that Chief Executive Sanjay Dhawan had resigned. As per the Boston Business Journal, a spokesperson for Cerence declined to comment on the reasons behind Dhawan's resignation.

Those who purchased shares of Cerence Inc. (NASDAQ: CRNC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.